Pre-open Outlook(27-05-2011)

US markets closed positive yesterday and most Asian markets are responding it with Green zone trading therefore sentiment is positive today morning. Expected that Nifty will first trade between 5390-5430 after Green opening. As next resistance(5422-5444) is strong therefore more consolidation is required for next rally.

No indication of down moves yesterday and rally also expected and expected that Nifty will consolidate below or near about mentioned resistance range in the coming sessions and after that rally will be seen in the coming week. Expected that Nifty will firstly hover around 5400 and after some more consolidations 5444 will be crossed in the coming week. Next resistance range(5422-5444) crossing will mean strong rally..

Strong Rally above 5444

Market Outlook(27-05-2011)

Just click follwing Links of EOD and intraday chart analysis to understand today market;-

1- Nifty-Micro Analysis of Intra Day Chart For 27-05-2011
2- Technical Analysis of EOD Chart and Research

Conclusions

Moderate gains yesterday after good consolidations between 5330-5355 and bullish reversal patterns in previous sessions. As emergence of Bullish trend reversal pattern therefore rally and upmoves expectations are alive now but strong resistances at higher levels and minimum one resistance crossing will be confirmation of rally.

Following levels were given yesterday and Nifty honoured them completely:-

Following line was told in Mid-session Outlook at 11:05:00 AM Yesterday:-

"Today intra day charts are showing consolidations and move above 5422 will be strong rally confirmation"

Yesterday highest was at 5422.20 and Nifty could not moved above it.

Following line was told in Mid-session Outlook-2 at 02:04:00 PM Yesterday:-

"Next moves preparation range is 5350-5395"

Steep fall was seen after my above statement but Nifty could not dipped below 5350 and sharply surged from 5354

No indication of down moves yesterday and rally also expected but next resistance is between 5422-5444 and expected that Nifty will consolidate below or near about this range in the coming sessions and after that rally will be seen in the coming week. Expected that Nifty will firstly hover around 5400 and after some more consolidations 5444 will be crossed in the coming week. Next resistance range(5422-5444) crossing will mean strong rally. 

Nifty-Micro Analysis of Intra Day Chart For 27-05-2011

Nifty-Intra Day Chart(26-05-2011):-

Just click on chart for its enlarged view

Main Features

1- Positive opening
2- Consolidations between 5355-5382
3- Mixed Patterns between 5372-6406
4- Voltality

Conclusions

Volitile day with consolidations at lower levels,steep fall after some profit booking and sharp surge after some more consolidations. As huge intraday volatile day therefore more intraday patterns are required for next moves confirmations.

Sharp surge seen in last half hour therefore it is strong indication of positive market but crossing of next resistance(5222-5444) is must for a sustained rally confirmation

FII Trading Data in Derivatives Segment on 26-May-2011

FII & DII trading activity in Capital Market Segment on 26-May-2011

FII trading activity on NSE and BSE in Capital Mayket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 26-May-2011 3743.64 3619.26 124.38

DII trading activity on NSE and BSE in Capital Mayket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 26-May-2011 1696.01 1462.48 233.53

Indian Stock Markets Closing Reports(26-05-2011)

Main features of today trading are as follows:-

1- White Candle
2- All the Indices closed positive except IT and FMCG
3- Intraday patterns are showing consolidations.


Ratios

Nifty Put Call Ratio: 0.95
Nifty P/E Ratio(26-05-2011): 19.95

Advances & Declines

BSE ADVANCES : 1471
BSE DECLINES : 1303
NSE ADVANCES :  747
NSE DECLINES :  630

Nifty Open Interest Changed Today:


Nifty- 5300 CE(26-05-2011)- +106100(+6.61%)
Nifty- 5300 PE(26-05-2011)- +1289000(+34.14%)

Nifty- 5400 CE(26-05-2011)- +376950(+13.83%)
Nifty- 5400 PE(26-05-2011)- +843650(+26.27%)

Nifty- 5500 CE(26-05-2011)- +156950(+6.12%)
Nifty- 5500 PE(26-05-2011)- +112250(+4.86%)

Closing

Nifty- closed at 5,412.35(+63.40 Points & +1.19%)
Sensex- closed at 18,044.64(+197.40 Points & +1.11% )
CNX MIDCAP - closed at 7,750.65(-9.35 Points & -0.12%%)
BSE SMALL CAP- closed at 8,038.18(+36.46 Points & +0.46%)

Nifty Spot-Levels & Trading Strategy for 27-05-2011

Nifty Spot-Levels

R3 5503.33
R2 5462.67
R1 5437.33
Avg 5396.67
S1 5371.33
S2 5330.67
S3 5305.33

Nifty Spot-Trading Strategy

H6  5478    Trgt 2
H5  5463    Trgt 1
H4  5448   Long breakout
H3  5430    Go Short
H2  5424
H1  5418
L1  5405
L2  5399
L3  5393    Long
L4  5375    Short Breakout
L5  5360    Trgt 1
L6  5345    Trgt 2

Nifty(JUN Fut)-Levels & Trading Strategy for 27-05-2011

Nifty(JUN Fut)-Levels

R3 5474.67
R2 5441.33
R1 5415.67
Avg 5382.33
S1 5356.67
S2 5323.33
S3 5297.67

Nifty(JUN Fut)-Trading Strategy

H6  5449    Trgt 2
H5  5435    Trgt 1
H4  5422    Long breakout
H3  5406    Go Short
H2  5400
H1  5395
L1  5384
L2  5379
L3  5373    Long
L4  5357    Short Breakout
L5  5344    Trgt 1
L6  5330    Trgt 2

Bank Nifty(JUN Fut)-Levels & Trading Strategy for 27-05-2011

Bank Nifty(JUN Fut)-Levels

R3 10594.00
R2 10523.00
R1 10453.00
Avg 10382.00
S1 10312.00
S2 10241.00
S3 10171.00

Bank Nifty(JUN Fut)-Trading Strategy

H6  10524   Trgt 2
H5  10492   Trgt 1
H4  10460   Long breakout
H3  10421   Go Short
H2  10408
H1  10395
L1  10370
L2  10357
L3  10344   Long
L4  10305   Short Breakout
L5  10273   Trgt 1
L6  10241   Trgt 2

Pre-closing Outlook(26-05-2011)

Following line was told in Mid-session Outlook-2 today:-

Next moves preparation range is 5350-5395 and Nifty will trade between this range in the coming hours.

Nifty traded between this range and sharply surged and it is strong indication of strong market and confirmation level is sustaining above 5444. 

Mid-session Outlook-2(26-05-2011)

Last 2 sessions consolidations between 5330-5370 and today some profit booking between 5390-5405. Next moves preparation range is 5350-5395 and Nifty will trade between this range in the coming hours. Let market prepare then view will be formed from intraday charts analysis and will be posted accordingly.

Mid-session Outlook(26-05-2011)

Pull Back rally is being seen today but its possibility has been continuously told in almost all the previous outlooks which were posted in last 2 days and bullish moves technical reasons were also explained in more than 7 previous topics.


Today intra day charts are showing consolidations and move above 5422 will be strong rally confirmation.

NIFTY-MAY F&O-1ST BUYING OF 25-05-2011-COVERING

NIFTY MAY F & O(BOUGHT ON 25-05-2011)-COVER AND BOOK PROFIT IMMEDIATELY(WE SHALL BUY AGAIN BUT FIRST COVER)-CMP-5383

NIFTY-MAY F&O-1ST BUYING OF 25-05-2011-MESSAGE

NIFTY MAY F & O(BOUGHT ON 25-05-2011)-PLEASE DO NOT COVER AT TARGET AND JUST WAIT FOR MY COVERING MESSAGE

Pull Back Rally Possible

Pre-Open Market Outlook(26-05-2011)

Technical Analysis and Researches have already been posted in following topics with 2 Charts therefore not being repeated:-

1- Technical Analysis of EOD Chart and Research For 26-05-2011
2- Nifty-Micro Analysis of Intra Day Chart For 26-05-2011

Conclusions

Indian markets slipped without intraday selling patterns and recent down moves were the impact of melting global markets also therefore Pull Back Rally possibility is strong and may begin any day. Trend reversal pattern of Falling wedge formation in 5th corrective wave therefore correction completion and fresh rally begining is also possible.

As consolidation patterns in the previous 2/3 sessions therefore up moves,Pull Back rally and positive market expected today.

US markets closed with minor gains,Asian markets are positive today morning and sentiment improved therefore positive opening will be seen, Previous sessions consolidations and Bullish trend reversal patterns formations therefore Green closing after whole day positive zone trading expected.

Technical Analysis of EOD Chart and Research For 26-05-2011

EOD Chart(25-05-2011)

Just click on chart for its enlarged view

Main Features

1- 5th Corrective Wave is on
2- Falling Wedge(Bullish Pattern) Formation in 5th corrective Wave
3- Next 1st Support at 5348(Nifty closed at 5,348.95 on 25-05-2011)
4- Next 2nd Support at 5232
5- Next 3rd Support at 5177

Conclusions

All trends are down. 5th wave trend line and rising line continuation pattern has been broken down but Pull back rally and up moves hopes are possible because:-

1- Last 16 sessions down moves are without force.
2- 5th corrective wave is on and up moves are very much technically possible after its completion.
3- Trend reversal pattern Falling Wedge(Bullish Pattern) Formation in 5th corrective Wave.

FII Trading Data in Derivatives Segment on 25-May-2011

Nifty-Micro Analysis of Intra Day Chart For 26-05-2011

Nifty-Intra Day Chart(25-05-2011):-

Just click on chart for its enlarged view

Main Features

1- Falling Channel Pattern
2- Water Fall Bullish Pattern
3- Falling Channel Break Out
4- Consolidations between 5330-5340 in last 3 hours
5- Consolidations between 5342-5355

Conclusions

Technically Indian markets are weak but Pull back rally within couple of sessions was expected after yesterday intraday consolidation but Global storm was so heavy today morning that all the Asian markets were down and resultant Indian markets also could not survived at intraday higher levels and slipped in Water Fall Bullish Pattern(Falling Channel Pattern)

Last 3 hours consolidation between 5330-5355 and bounce back will be seen tomorrow.

Indian Stock Markets Closing Reports(25-05-2011)

Main features of today trading are as follows

1- All the Indices closed in Red except CD.
2- Weaker global cues led whole day negative zone trading.
3- Black Candle.
4- Last 3 hours lower levels consolidations.

Ratios

Nifty Put Call Ratio:  0.84
Nifty P/E Ratio(24-05-2011): 19.90


Advances & Declines

BSE ADVANCES : 1071
BSE DECLINES : 1690
NSE ADVANCES :  477
NSE DECLINES :  917

Nifty Open Interest Changed Today

Nifty- 5300 CE(26-05-2011)- +1998750(+93.28%)
Nifty- 5300 PE(26-05-2011)- +775950(+9.69%)

Nifty- 5400 CE(26-05-2011)- +786550(+12.01%)
Nifty- 5400 PE(26-05-2011)- -1233800(-20.12%)

Nifty- 5500 CE(26-05-2011)- +128950(+1.77%)
Nifty- 5500 PE(26-05-2011)- -1202600(-31.41%)

Closing

Nifty- closed at 5,348.95(-45.90 Points & -0.85%)
Sensex- closed at 17,838.55(-173.42 Points & -0.96% )
CNX MIDCAP - closed at 7,760.00(-23.80 Points & -0.31%)
BSE SMALL CAP- closed at 6,623.16(-38.06 Points & -0.57%)

FII & DII trading activity in Capital Market Segment on 25-May-2011

FII trading activity on NSE and BSE in Capital Mayket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 25-May-2011 2614.34 2985.13 -370.79

DII trading activity on NSE and BSE in Capital Mayket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 25-May-2011 946.27 766.86 179.41

Nifty Spot-Levels & Trading Strategy for 26-05-2011

Nifty Spot-Levels

R3 5443
R2 5416
R1 5382
Avg 5355
S1 5321
S2 5294
S3 5260

Nifty Spot-Trading Strategy

H6  5409    Trgt 2
H5  5395    Trgt 1
H4  5381    Long breakout
H3  5364    Go Short
H2  5359
H1  5353
L1  5342
L2  5336
L3  5331    Long
L4  5314    Short Breakout
L5  5300    Trgt 1
L6  5286    Trgt 2